Too many tractors: As boom times fade, farm equipment piles up

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Media Conglomerate: Midwest Communications

Too many tractors: As boom times fade, farm equipment piles up

By Bianca Flowers and Renee Hickman DEKALB, Illinois (Reuters) – Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices. The slower equipment sales are a knock-on effect of corn and soy prices dropping to more than three-year lows as U.S. farm income plum…